Today is May Day. To note the arrival of the annual workers’ day, let’s look at three charts that together tell us how workers are faring in the United States. Each of the measures you see below is indexed, with the 2009 value set to
However, even apart from their member teams, players, and other subsidiaries, these professional sports leagues have annual receipts of 1.7 billion dollars. The purpose of these sports leagues is not charitable. Yet, the NFL and other professional sports leagues claim tax exempt status as non-profit organizations.
In his 2013 State of the Union address, President Barack Obama called for a restoration in the minimum wage and a change to make it keep pace with inflation: “We know our economy is stronger when we reward an honest day’s work with honest wages.